Q1 2018 EPS Estimates for First Financial Northwest, Inc. (FFNW) Lifted by DA Davidson

First Financial Northwest, Inc. (NASDAQ:FFNW) – Stock analysts at DA Davidson raised their Q1 2018 EPS estimates for shares of First Financial Northwest in a note issued to investors on Monday. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $0.27 per share for the quarter, up from their previous estimate of $0.23. DA Davidson also issued estimates for First Financial Northwest’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.31 EPS and FY2019 earnings at $1.30 EPS.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.00 target price on shares of First Financial Northwest in a research report on Friday, December 22nd.

Shares of First Financial Northwest (NASDAQ:FFNW) opened at $15.94 on Tuesday. The firm has a market cap of $171.87, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.44 and a beta of 0.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. First Financial Northwest has a 52-week low of $14.83 and a 52-week high of $21.29.

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in shares of First Financial Northwest by 40.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after buying an additional 2,611 shares during the period. SG Americas Securities LLC acquired a new stake in shares of First Financial Northwest during the 3rd quarter worth approximately $181,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of First Financial Northwest during the 3rd quarter worth approximately $204,000. Teachers Advisors LLC grew its position in shares of First Financial Northwest by 8.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after buying an additional 1,240 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of First Financial Northwest by 35.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after buying an additional 4,463 shares during the period. 42.41% of the stock is owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, March 8th. First Financial Northwest’s dividend payout ratio is presently 34.57%.

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About First Financial Northwest

First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.

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